NeoMedia Technologies, Inc (NEOM)

[Zervon]

NEOM is, at it has always been, a get rich quick scheme. They came up with a real/sellable product to establish legitimacy then proceeded to divert all the money from investors, and what little business revenue they had, into their own pockets. It's a liberally run company that never adhered to responsible budgeting.

They borrowed and spent as much as possible regardless of what could actually be repaid. When it became clear that the spending could not be sustained they just shifted the burden of repayment onto new investors and gave themselves raises.

None of what is happening now is about saving NEOM for the sake of investors, or the dream that is NEOM, it's about protecting the cash cow for management at any cost.

So why stop the gravy train? Well id say for the sake of revenge, because I hate liars, but at the very least its about stopping them from screwing over anyone else.

Those of you worried about your investment and want to help keep them going, just think about the high probability that this time next year your current investment will be worth 99% less... Your money is already gone, one way or another...